Toronto
– For Q1 FY 08, Coretec reported revenues of USD 18.5 million, an 18.9 percent
decrease from Q1 FY 07 and a 2.2 percent decrease from Q4 FY 07. Gross profit
for Q1 FY 08 was 15.4 percent of sales compared to 20.3 percent for Q1 FY 07
and 16.1 percent for Q4 FY 07. Net loss for Q1 FY 08 was USD 1.0 million, or
USD 0.06 per share, compared to a net loss of USD 0.6 million, or USD 0.03 per
share, for Q1 FY 07 and, sequentially, an improvement of USD 0.4 million from a
net loss of USD 1.4 million, or USD 0.07 per share, for Q4 FY 07.
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